Location: Lavaca County, TX | Metro: DeWitt County, TX
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,670 | $293,884 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 77984 is situated in a suburban neighborhood characterized by a relatively small population of 4,800 residents, where only 9.0% of the inhabitants are renters. The median household income in this area stands at $92,656, indicating a middle to upper-middle-class community. The median home value in ZIP 77984 is $305,687, which reflects the overall economic status and property values typical of such neighborhoods.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 77984, as determined by the metropolitan area for fiscal year 2026, is set at $1,170. This figure is notably lower than the average market rent of $1,346, as reported by the Census Bureau's American Community Survey (ACS). This discrepancy suggests a potential opportunity for landlords and investors who can offer properties below the market rate but above the FMR, thereby attracting tenants eligible for Section 8 vouchers.
Given these specifics, ZIP 77984 could be an attractive investment for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stable demand for affordable housing, driven by the Section 8 program, provides a consistent and reliable income stream. Meanwhile, hands-on buyers might find opportunities to improve properties and command rents closer to the market rate, leveraging the higher income levels of the area's residents to justify increased rental costs.
In conclusion, the demographic and economic profile of ZIP 77984, combined with the favorable gap between FMR and market rent, makes it a viable option for Section 8 investors. Whether seeking passive income or engaging in active property management, this ZIP code offers a setting conducive to successful investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.